Music, Media and Entertainment ETF

Amplify your portfolio with exposure to the beating heart of innovation, disruption, and growth in the ever-evolving world of music, media, and entertainment. Let the TUNE ETF be your gateway to capturing the rhythmic rewards of this vibrant industry.

Fund Details

Inception Date
Primary Exchange
Expense Ratio

Fund Data & Pricing

Net Assets
Shares Outstanding
Discount %

Fund Strategy

The Clouty Tune ETF (the “Fund”) seeks to track the performance, before fees and expenses, of the Solactive Clouty Tune index (the “Index”). The Index was developed in 2023 by Clouty, Inc. (“Clouty”) and is administered by Solactive AG (the “Index Provider”).

The ETF offers investors exposure to the growth potential of these sectors by focusing on companies engaged in music production, broadcasting, streaming platforms, event management, content creation, and more. TUNE ETF provides a comprehensive and strategic approach to capturing the opportunities presented by the dynamic and ever-evolving world of music, media, and entertainment.


Capturing Industry Trends

Mass consumption of music, media and entertainment is growing faster than ever as demand for content anywhere and anytime accelerates. The way in which we consume content is evolving in ways that open up the industry for further mass disruption.

Top 10 Holdings






Market Value

2.79%LIBERTY MEDIA CORPLSXMA53122940943514776.95
2.75%NEW YORK TIMES CONYT65011110734714570.53
2.72%NASPERS LIMITEDNPSNY63151220939114400.53
2.69%UNITY SOFTWARE INCU91332U10132614242.94
2.64%SNAP INCSNAP83304A106104814011.76
2.58%MONGO DB INCMDB60937P1063513687.8
2.56%NINTENDO LTDNTDOY654445303119913590.67
2.45%SIRIUS XM HOLDINGS INCSIRI82968B103270513011.05
2.45%NETFLIX INCNFLX64110L1062912877.05
2.36%THE TRADE DESK INCTTD88339J10514812507.48
2.31%PAYCOM SOFTWARE INCPAYC70432V1023612272.4
2.29%BANDAI NAMCO HLDGS INCNCBDY59831107107912160.33

Growth Potential

The music, media, and entertainment industries are experiencing rapid growth driven by technological advancements, changing consumer preferences, and global demand for content. TUNE ETF positions you to capitalize on this growth potential, as it focuses on companies at the forefront of innovation and disruption within these sectors.

Performance as of June 30th 2023




Since Inception


The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 202-643-0853.

Accessible Investment Vehicle

TUNE ETF offers a convenient and accessible investment vehicle for individuals looking to participate in the music and entertainment sectors. It provides liquidity, transparency, and ease of trading through its exchange-traded fund structure, allowing investors to easily buy and sell shares throughout the trading day.

Distribution Detail


Record Date


Payable Date


About the Benchmark

The Index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged (i.e., conducts business activities) in the music, media, and entertainment industries, as described in more detail below. The Index’s construction consists of two parts (each as described in more detail below):

  1. an analysis using the FactSet Revere Business and Industry Classification System (“FactSet RBICS”) (which covers companies globally) to identify companies as music, media, and entertainment companies; and

  2. a digital music streaming revenue analysis (which is U.S.-focused) that identifies companies in any industry (not just music, media, and entertainment), whose equity securities’ price changes typically align with digital music consumption patterns.

To qualify for inclusion in the Index under either analysis, companies must have a minimum market capitalization of $1 billion and an average daily traded volume of $15 million over the most recent six-month period.

Important Information

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (888) 123-4589 or visit our website at Read the prospectus or summary prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns.

Equity Market Risk

Common stocks are generally exposed to greater risk than other types of securities, such as preferred stock and debt obligations, because common stockholder's generally have inferior rights to receive payment from specific issuers.

Concentration Risk

The Fund's investments will be concentrated in an industry or group of industries to the extent the Index is so concentrated.

Music Sector Risk

Music companies, including companies engaged in the production or distribution of goods or services for the music industry (including television or radio broadcasting or manufacturing, publishing, recordings and musical instruments, motion pictures and photography) may become obsolete quickly.

Media and Entertainment Sector.

Media and entertainment companies, including companies engaged in the design, production or distribution of goods or services for the media and entertainment industries (including video game publishing, creating interactive worlds and e-sports) may become obsolete quickly.

Foreign Securities Risk.

Investments in securities or other instruments of non-U.S. issuers involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies.

Distributed by Foreside Fund Services, LLC